What’s Your Top Performing Employee Worth To You?
Your best employees are invaluable – it's as simple as that! For every penny they generate in sales, contract negotiation, savings, or whatever it is that they do, there's an untold wealth being tapped by their skills as ambassadors for your company.
The goodwill they engender, the relationships they forge, can be worth more than you can calculate in profit alone.
So What Do You Lose When One Of Your Top Performers Quits?
When that time comes, the cost can be just as hard to calculate. Of course, you'll lose the profit they've been creating. But what about all that goodwill? What about the relationships? What about the positive effect they've been having on all those around them – inspiring greater performance from their colleagues as others aspire to be just like them?
You need to know that when you recruit that special person, that you have the systems in place to retain them, and allow them to blossom with you – not force them to take your training and investment and then look for a new employer whom they feel will really "appreciate" them!
Our Employee Engagement Barometer Can Put An End To The Heartache Of Watching Your Top Guns Heading For The Door.
The Employee Engagement Barometer TM is essentially an "off-the-shelf" solution, which can be scaled and adapted to perfectly suit your needs, for a fraction of the cost of recruiting even a single candidate.
Beginning with an initial consultation, we'll work together to assess your employee attrition rate, determine the scope of the project and agree the desired outcomes. You'll then have custom made post-induction and exit interviews crafted to get to the very heart of your business. Once the structure is in place, you can hand over the reins to us – freeing up your time and allowing you to get on with what you do best!
We'll get to the very core of what drives your team – and get you honest answers to critical questions. Here's how:
- By not speaking directly to a line manager or HR officer, employees are more inclined to speak candidly about their concerns and frustrations
- Full follow-up, including action planning and solution finding, can be carried out without taking up your valuable working hours
- Multi-site organisations can see a collated, overall picture of employee satisfaction issues, allowing solutions to be tailored to the overall situation
- As employee retention experts we know exactly which questions to ask – and how to ask them – to extract the most valuable responses
We'll agree a point at which we can start to feed back interim findings, so that you can start to build a picture of how your employees really view your company; and as the programme continues you'll get a more and more accurate impression of exactly how to really motivate your employees, and to meet and exceed their expectations – so that they in turn exceed yours.
The information that your employees and leavers give will be correlated against industry norms, and at the end of the project will be presented to you as a comprehensive report, including expert recommendations on how to move forwards. You'll have all the tools to ensure that your recruitment processes, inductions, and training programmes are all working in unison to attract the finest candidates, and then retain them to gain the maximum return on the biggest investment your company makes – in it's people.
More Than Just An Exit Interview…
The Recrion Employee Engagement Barometer TM goes one stage further than the traditional exit interview strategy. We begin by interviewing your candidates 3 months after their induction into your company. Speaking candidly at this early stage can shed invaluable light on how the employee feels the impression given during the recruitment process is born out in reality – at a time when they're still keen to suggest constructive changes which will improve the probability of them staying for the long term. If you're already investing money in employee motivation, now's the time to find out if that's really money well spent – or if there's a more profitable way to invest it.
Simultaneously we will conduct strategically designed exit interviews with your leaving employees – as close as possible to the date they hand in their notice. These interviews are crafted to extract information about the real reasons employees elect to leave. In a recent survey, 62% of HR officers cited "lack of promotion opportunities" as the key reason for employees leaving. Response from the associated exit surveys indicated that in fact that was true in only 32% of cases. Conversely, 19% of leavers said they were motivated to hand in their notice due to "lack of teamwork and cooperation", whereas only 4% of HR officers felt this was critical.
This illustrates just how vital it is to base any employee retention policy on the genuine factors that motivate employees, rather than the perceived reasons for them leaving. Our anonymous, strategic, and non-threatening questionnaires dig right to the root of the problem, giving you the information you need to make informed decisions about the most effective ways to inspire the greatest productivity and long-term commitment from your team.
To find out more about how Recrion can revolutionise the way you see your team – and they see you – contact us today!
To see exactly what your employee attrition rate is really costing you, simply enter your contact details below, and we'll send you a free calculator!